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jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think the vice president's office somehow got moved away from the executive branch? i'm pretty sure the president via his vice president is leading. if that's the case, it sounds to me like they don't like what he's leading with. >> you said via. he hasn't built the relationships with members of his own party or the other party. so, yes, it makes sense that vice president biden is brought in because he still has relationships with people on the hill. >> but, susan, another issue here, and that is mcconnell having to go to biden because he's learned he can't depend on boehner to help him. >> well, i think -- >> no? stu
jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think...
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Dec 28, 2012
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much more than the fiscal cliff. >> exactly. the debt ceiling is a cliff. the fiscal cliff is somewhat misname because as we said -- >> slope. >> slope. curb. go over and get back. it is not so bad. but, you know, there's no sort of we defaulted yesterday and today we are sort of undefaulting. it doesn't work that way. once you defaulted on your debt, i mean, you have really sent the world a message you are deeply dysfunctional and the president has said i'm not going to negotiate over that. i'm not going to allow that kind of threat to the credit worthiness of the greatest economy in the world. >> yet, that's where all of the republicans want to have their next fight. >> that's where they want to have the fight. give it to them or not. i suspect he won't. >> quite a few days followed by quite a few months. thanks so much for joining us. we appreciate it. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me
much more than the fiscal cliff. >> exactly. the debt ceiling is a cliff. the fiscal cliff is somewhat misname because as we said -- >> slope. >> slope. curb. go over and get back. it is not so bad. but, you know, there's no sort of we defaulted yesterday and today we are sort of undefaulting. it doesn't work that way. once you defaulted on your debt, i mean, you have really sent the world a message you are deeply dysfunctional and the president has said i'm not going to...
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Dec 26, 2012
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now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of services and programs because the super committee couldn't do what it was supposed to do. this doesn't help trying to put the country forward, put americans back to work, reestablish our prominence around the country and the world as the great nation we are. we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not going to happen. >> why not? why is it going to stay a pertinent part of the conversation in the public going forward? >> i think the public has been shocked and their conscience ha
now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of services and programs because the super committee couldn't do what it was supposed to do. this doesn't help trying to put the country forward, put americans back to work, reestablish our prominence around the country and the world as the great nation we are. we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are...
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Dec 26, 2012
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fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appears there would be no house
fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no...
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Dec 28, 2012
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to deal with this fiscal cliff. >> just let the people's housework its will. instead of handing over the keys to the most extreme elements in the house republican caucus. >> a lot of people donnell realize he is blocking a vote in the house. >> i think in the end we'll get a deal. the question is the timing. >> i am hopeful there will be a deal that avoids the worst parts of the fiscal cliff. >> i want to bring you in and say good morning to sander levin. sir, it's good to have you with me. what is your expectations or thoughts about hear that the president and vice president joe biden are calling the four congressional leaders behind closed closed doors today. >> i am hopeful. i wouldn't say i'm optimistic, but i think confidence has gone down. i think the key is whether the speaker will be the speaker of the entire house and let the matters come before us where there could be a majority of democrats and perhaps a majority of republicans, but let es speak our will and act on our will. that's really one of the keys. i think if the senate bill or what was in it
to deal with this fiscal cliff. >> just let the people's housework its will. instead of handing over the keys to the most extreme elements in the house republican caucus. >> a lot of people donnell realize he is blocking a vote in the house. >> i think in the end we'll get a deal. the question is the timing. >> i am hopeful there will be a deal that avoids the worst parts of the fiscal cliff. >> i want to bring you in and say good morning to sander levin. sir, it's...
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Dec 29, 2012
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the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ adam: we've got a live picture for you of the white house briefing room. president obama is going to make comments about the fiscal cliff at 4: -- 5 len 45 eastern, we'll take them live on the fox business network. >>> auto industry is heading toward the best year since 2007, great news for sure but the fiscal cliff, believe it or not threatens to run the them off the road. heres we details, lauren fix. crew tells me they will give me
the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium...
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Dec 27, 2012
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it's becoming more of a fiscal slope as oppose to a fiscal cliff. thank you within kelly. jonathan, i want to turn to you right here. harry reid was not holding back this morning on the senate floor. i want to play what he said about the 435 members in the house. >> there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind. but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> and we just heard from kelly about this possible new deal the president has sent over regarding the fiscal cliff. harry reid, though, there's not a lot of time left. >> no, there isn't a lot of time left. what the majority leader is referring to is we've been talking about a lot, the majority of the majority real that if boehner would put aside this tradition that if he's going to get anything passed, it has to be passed bay majority of the republican caucus. clearly there have been times on the little and
it's becoming more of a fiscal slope as oppose to a fiscal cliff. thank you within kelly. jonathan, i want to turn to you right here. harry reid was not holding back this morning on the senate floor. i want to play what he said about the 435 members in the house. >> there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind. but i...
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Dec 26, 2012
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cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are optimistic this new plan, if we do go over the clifr, would work out. so what would half if we go over the cliff? the payroll tax holiday will expire on new year's day. that means most people will start paying more taxes in each paycheck. another 21 million americans would lose federal emergency unemployment benefits and those, let's remember, are people struggling the most right
cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending...
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Dec 24, 2012
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thank you. >> you got it. >> the fiscal cliff reportedly weighing on shoppers this holiday season. consumer confidence in december hitting a five-month loaf, bloomberg reporting that online stales increased by a little more than 8% this holiday season compared with 16% this time last year. joining us now with what a the fiscal cliff means for consumers, you listened to what hampton was telling us as well, we still have some big days ahead of us in shopping. are we really going to see the sort of negative or shall we say not an increase from last year, that 8% versus 16% as we're just showing. >> on that 8 versus 16 it's 8% over a much, much higher base than the 16 was. you are going to have an slowdown of online sales. we're all shopping online. the other thing about this is of course people are worried about the fiscal cliff because that's the only thing what we're talking about on air. i don't mean to say this is a media for a washington story, i just mean it's a story that has engendered a hume of -- it may be that we've so gamed out that negative reaction that come january 1 pe
thank you. >> you got it. >> the fiscal cliff reportedly weighing on shoppers this holiday season. consumer confidence in december hitting a five-month loaf, bloomberg reporting that online stales increased by a little more than 8% this holiday season compared with 16% this time last year. joining us now with what a the fiscal cliff means for consumers, you listened to what hampton was telling us as well, we still have some big days ahead of us in shopping. are we really going to...
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Dec 28, 2012
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the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all yo
the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium...
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Dec 28, 2012
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goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the firs
goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the...
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we continued on that with the fiscal cliff. they also lost because they became the party of illegitimate rape where liberals and democrats are once fighting a losing battle. now it's become what do we do in the case of rape and incest which is a total losing thing for them. >> when you're barely -- when you've barely had sex basically. >> right. now we're dealing with the party of glocks. when liberals try to take away everyone's guns, that's a losing argument for democrats. now it's everybody has a right to get a glock or bushmaster. i don't know if that's a winning argument long term or is good for the country. >> did the republicans learn anything? is there any lesson you would advise them to take into 2013? >> you know, i think that -- it's like dealing with children. you want -- you have got to be for something, right? this is the problem. the republican party, and we all have very good republican friends. i don't hate republicans like some people in the country do. i like republicans. by the way, i have to defeat somebody
we continued on that with the fiscal cliff. they also lost because they became the party of illegitimate rape where liberals and democrats are once fighting a losing battle. now it's become what do we do in the case of rape and incest which is a total losing thing for them. >> when you're barely -- when you've barely had sex basically. >> right. now we're dealing with the party of glocks. when liberals try to take away everyone's guns, that's a losing argument for democrats. now...
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Dec 27, 2012
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poll, 54% approve of his handling of the fiscal cliff. only 26% support joan boehner. so the politics of it is not even working for them. they're purists, but they're not being practical, even politically. everyone as they don't stand for what you and i may think is the right thing. they're not even being practical about this. >> well, with taxes, it's so complicated because the republican party has basically got taxation at the heart of its ideology. so what they're almost in a position -- they've force ed ths into a corner where what they almost sl to do is let the cliff kick in so that then they can vote to go back and reinstate some tax cuts as opposed to somehow translating any kind of vote they take, you know, grover nordquist was going to stand up and say they raised taxes on the wealthy. at this point, they've got the situation so backwards, that they're going to have to let the cliff kick in. >> let me ask you this quickly. we've got some good economic news yesterday. weekly unemployment claims have fallen to the lowest since mar
poll, 54% approve of his handling of the fiscal cliff. only 26% support joan boehner. so the politics of it is not even working for them. they're purists, but they're not being practical, even politically. everyone as they don't stand for what you and i may think is the right thing. they're not even being practical about this. >> well, with taxes, it's so complicated because the republican party has basically got taxation at the heart of its ideology. so what they're almost in a position...
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the so-called fiscal cliff. do you know there is nearly 100 sections, just dealing with the extensions and the relief and provisions. goes to many, many pages, but the crucial point is as far as the world markets are concerned, this is just borrowed time. the bulk of the 600 billion in tax rises has been put to one side. you were talking a few moments ago, you have still got, it has to get through the house, senate, and signed and the two months on the spending cuts, and the debt ceiling, you've got the appropriati appropriations and reconciliation. the markets will finally say -- >> my remarkable expertise are you have seen this game play out. you watched this movie before, seen it before. and you have a deadline for a big deal and what you end up is a puny deal. >> you end up with -- i wouldn't use the phrase puny deal. i would use fudge. what have you here is a fiscal fudge. they have done the barest necessary to get over -- let's stick with the cliff analogy. you walk toward the cliff, and all they have real
the so-called fiscal cliff. do you know there is nearly 100 sections, just dealing with the extensions and the relief and provisions. goes to many, many pages, but the crucial point is as far as the world markets are concerned, this is just borrowed time. the bulk of the 600 billion in tax rises has been put to one side. you were talking a few moments ago, you have still got, it has to get through the house, senate, and signed and the two months on the spending cuts, and the debt ceiling,...
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so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republican
so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal...
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Jan 1, 2013
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♪ >>> back to the fiscal cliff. all but five republican senators voted to pass the bill put together by senator mcconnell and vice president biden last night. among those voting in the affirmative, north dakota's republican senator john hoeven. senator hoeven, thank you for joining me. happy new year. >> happy new year, chris. >> you talked about the possibility for tax reform and social security reform. are you disappointed the senate couldn't come up with a bigger deal? >> i was pushing hard for a big deal that included tax reform, entitlement reform and savings, real savings to get on top of the deficit and the debt. but you know, we can't do the whole thing at once, let's get as much done as we can. we've got to move forward. this is a big step on the tax piece. more work to do. we've got to get after it. >> you're one of just a handful of congressional republicans who did not sign the norquist antitax pledge, but do you think that the fact that we technically went over the cliff gives house republicans who have
♪ >>> back to the fiscal cliff. all but five republican senators voted to pass the bill put together by senator mcconnell and vice president biden last night. among those voting in the affirmative, north dakota's republican senator john hoeven. senator hoeven, thank you for joining me. happy new year. >> happy new year, chris. >> you talked about the possibility for tax reform and social security reform. are you disappointed the senate couldn't come up with a bigger deal?...
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this is what we know are the the his own fiscal cliff show. most of the contestants make a choice not dealing with the real world mathematical probabilities of the situation they are in. contestants don't look at the innate silver, but they are driven by their emotions. contestants behave in more risky ways and taking bigger chances when less likely to pay off when prior expectations have been shattered by eliminating prior briefcases or other expectations have been surpassed by opening low-value briefcases. in other words, contestants are much more likely to make a deal if they are feeling desperate or feeling lucky based on what has happened earlier. sound familiar, washington? house republicans know that the number of political briefcases has dwindled considerably, and very little chance to win the big payoff and they know that the white house is not in one of those cases. they know that the senate majority is not in one of those cases, but what is likely to be in the case is a further downgrade of american credit. they can hear all of us i
this is what we know are the the his own fiscal cliff show. most of the contestants make a choice not dealing with the real world mathematical probabilities of the situation they are in. contestants don't look at the innate silver, but they are driven by their emotions. contestants behave in more risky ways and taking bigger chances when less likely to pay off when prior expectations have been shattered by eliminating prior briefcases or other expectations have been surpassed by opening...
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Dec 27, 2012
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we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this is retail analyst. we appreciate you being here. we were reporting about this today on the fox business network. one i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern f
we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or...
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Dec 26, 2012
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tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn financial and james freeman, assistant editor of "the wall street journal"'s editorial page. james, i will start with you. does the treasury department's statement literally within the last hour we'll hit the debt ceiling deadline on monday, does that add any kind of motivation they need to get their act together in washington? >> i don't know. i think it might just add a little skepticism. you remember when we went through this at 2011. they had various dates, finally months into it in august they said this is the real deadline. knowing
tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn...
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Dec 24, 2012
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there are people out there blaming the fiscal cliff. that seems ridiculous for, how could the fiscal cliff prevent you from going out to spend money on holiday shopping? i could see that elsewhere in the economy but seems silly for this particular comparison? >> think that is correct. people are, that is something in the future. that affected business spending but not consumers. consumer spending has been slower since the middle of the year. that was evident in the third quarter gdp report. it has been evident in the retail sales we tracked from month to month. simply wages haven't grown rapidly enough and the housing market although it has recovered, let's remember it recovered from a very low level and prices are still down quite a bit. there aren't that many sales. the volumes aren't that big. melissa: online shopping is up 16% this year versus last year at $38.7 billion s that eating into the regular old brick-and-mortar sales or do you think that is real growth? >> that is real growth in that segment but it is eating into brick-and
there are people out there blaming the fiscal cliff. that seems ridiculous for, how could the fiscal cliff prevent you from going out to spend money on holiday shopping? i could see that elsewhere in the economy but seems silly for this particular comparison? >> think that is correct. people are, that is something in the future. that affected business spending but not consumers. consumer spending has been slower since the middle of the year. that was evident in the third quarter gdp...
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Dec 30, 2012
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avoid the fiscal cliff and people's taxes going up or do nothing and let it happen. we didn't want to be in that position, but speaker boehner pulled out of the deal a week and a half ago. it's not fair to blame the president. >> but i've got to ago you this question because this is one f the big sticking points left. whose taxes go up, people making over $250,000 as the president wants or republicans suggested nobody or people making over a million dollars, but you, senator schumer, had proposed raising taxes only on those making over a million dollars. and i want to take a look at what you said about this proposal going up $250,000 last year. you said "in the eyes of many, it is hard to ask households making $250,000 or $300,000 a year. in large parts of the country, that kind of income does not get you a big home or lots of vacations or anything else that is associated with wealth. it also would affect too many small businesses." weren't you right back then when you said it would be wrong to raise taxes on those? >> we offered that to our republican colleagues two
avoid the fiscal cliff and people's taxes going up or do nothing and let it happen. we didn't want to be in that position, but speaker boehner pulled out of the deal a week and a half ago. it's not fair to blame the president. >> but i've got to ago you this question because this is one f the big sticking points left. whose taxes go up, people making over $250,000 as the president wants or republicans suggested nobody or people making over a million dollars, but you, senator schumer, had...
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Dec 26, 2012
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every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >> good morning to you, how are you doing today? >> i'm good. you've got some advice for people to manage their portfolios, let's start with the first step you need to review your asset classes. >> there's a study in the '80s simply says over 95% of your portfolio return will determine exactly how you choose the mixture of stocks and other investments you have in your portfolio. with the assistance of a qualified adviser making sure you have the right mixture of stocks can be ever so crucial especially during the volatile time we see in the markets today. >> if you make any changes i guess you have to take into account what your tolerance is for risk. >> yes. i mean look, we've seen the markets going crazy right now, a lot of individuals are looking up and downs and a lot of things we're telling the folks we work with, let's look at it
every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >> good morning to you, how are you doing today? >> i'm good. you've got some advice for people to manage their portfolios, let's start with the first step you need to review your asset classes. >> there's a study in the...
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Jan 1, 2013
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"special report" with all the updates to the fiscal cliff. all the coming and going, vice president biden heading to the hill, the negotiations. we're going over, folks, but we'll have it covered, fair, balanced and unafraid. >> trace: i'm trace gallagher in for shepard smith it looks like we will go over the fiscal cliff at midnight. economists have been warning us the combination of tax hikes and spending cuts could cause another recession. now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news agreement would let tax cuts expire on $450,000 instead of the president's cut off $250,000. extend unemployment benefits for ano
"special report" with all the updates to the fiscal cliff. all the coming and going, vice president biden heading to the hill, the negotiations. we're going over, folks, but we'll have it covered, fair, balanced and unafraid. >> trace: i'm trace gallagher in for shepard smith it looks like we will go over the fiscal cliff at midnight. economists have been warning us the combination of tax hikes and spending cuts could cause another recession. now, president obama and the senate...
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Dec 27, 2012
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the edge of the so-called fiscal cliff is really in view now. the home county of house speaker john boehner butler county, ohio, currently under a blizzard warning. house republican leaders holding a conference call earlier today on the fiscal cliff, but so far they have not yet called on lawmakers to return to capitol hill. but they have said they will give a 48 hour warning if they plan to do that the white house saying the president is cutting his holiday vacation in hawaii short to return to d.c. to work on a deal to try to stop those automatic tax hikes and deep spending cuts from kicking in on january 1st. and if they don't reach a deal before then, many economists say we will dip back into a recession. i had henly house republican leaders didn't have a lot of new information for their lawmakers. they would have 48 hour notice if they are needed to pray back to washington from various districts around the country. that tells us they are being noncommittal at this point because they frankly do not know whether or not there will be a deal to
the edge of the so-called fiscal cliff is really in view now. the home county of house speaker john boehner butler county, ohio, currently under a blizzard warning. house republican leaders holding a conference call earlier today on the fiscal cliff, but so far they have not yet called on lawmakers to return to capitol hill. but they have said they will give a 48 hour warning if they plan to do that the white house saying the president is cutting his holiday vacation in hawaii short to return...
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Dec 28, 2012
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we're talking about the fiscal cliff. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been all about taxes. >> all about raising taxes. >> there's this obsession with raising taxes. >> it was to go after school lunches and elderly care, health care for poor kids and increased spending. >> no, no, no, they want entitlement reform, joy ann. why this obsession with cutting old people's medicare? >> it's not an obsession about cutting benefits to the elderly, joy ann. it's about reforming medicare over time so at some point in the future we don't tell an 80-year-old you know what? you're not going get the medicare cha you thought you would have. this is about not hurting the elderly. >> the republican so
we're talking about the fiscal cliff. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been...
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Jan 2, 2013
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the fiscal cliff obviously was the main topic. here are some of those speeches from noon today. >> the people that do all the complaining about spending, the record clearly shows -- to wars that took a trillion dollars out of the american economy. unfunded tax cuts created the worst economy in 60 years as a prescription program that costs $730 billion over the next 10 years. raising the debt ceiling authorizes you to pay back the money you have already spent. republicans in this house voted for and have a moral obligation to repay that money. mr. speaker, the american economy needs to grow much more than the projected 2% for 2013. 2% growth is not enough to sustain the current level of employment. the american economy needs robust growth of 3%-4%. we need to do nation-building, not in afghanistan or iraq, but at home, here in america. i yield back the balance of my time. the gentleman from virginia is recognized for one minute. >> mr. speaker, what we know with certainty about the bill which passed the senate? we know it has bipar
the fiscal cliff obviously was the main topic. here are some of those speeches from noon today. >> the people that do all the complaining about spending, the record clearly shows -- to wars that took a trillion dollars out of the american economy. unfunded tax cuts created the worst economy in 60 years as a prescription program that costs $730 billion over the next 10 years. raising the debt ceiling authorizes you to pay back the money you have already spent. republicans in this house...
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Dec 29, 2012
12/12
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there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federatio
there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the...
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Dec 31, 2012
12/12
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but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there at least on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind you-- what you need in the senate usually is 51 votes. we've gotten into this environment here where we assume that everything needs 60 votes. it doesn't have to be that way. you heard from senator harkin there he and a bunch of other senate lib rarblingts shelton white house al franken jay rockefeller, other huddled in harry reid's office earlier today. i was standing outside that room when they came out. they were tight-lipped. they were grim. they went into a side meeting all their own to try and decide what to do. they weren't talking when they came out. what you are looking for there i
but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there at least on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind you-- what you...
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Jan 1, 2013
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but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion, and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there, at least, on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind, you-- what you need in the senate usually is 51 votes. we've gotten into this environment here where we assume that everything needs 60 votes. it doesn't have to be that way. you heard fromenator harkin there, he and a bunch of other senate lib rarblingts shelton white house, al franken, jay rockefeller, other, huddled in harry reid's office earlier today. i was standing outside that room when they came out. they were tight-lipped. they were grim. they went into a side meeting all their own to try and decide what to do. they weren't talking when they came out. what you are looking for t
but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion, and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there, at least, on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind, you-- what...
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and the worries continue over the so-called fiscal cliff. apparently it sank our 401(k)s again for the second trading day in a row. the dow dropping 52 points today. the nasdaq fell 8 and the s&p lost 3 today was a shortened day. told the associated press that folks are starting to accept that weekend in fact plunge right off that fiscal cliff. after all we are a little more than a week away from the deadline when the spending cuts and push us back into another recession. lawmakers do plan to return to washington later this week to try to hammer out a last-minute deal. for now president obama and the first family are celebrating christmas in hawaii and that's where our ed henry is traveling with the president now live in honolulu. ed? bottom line the president is here in hawaii but might not be here for long. shortly after christmas likely to go back to washington. try and broker some sort of a deal. you remember before he left for hawaii, he announced that he wanted more of a short-term deal. sort of scaled back stop gap measure so that tha
and the worries continue over the so-called fiscal cliff. apparently it sank our 401(k)s again for the second trading day in a row. the dow dropping 52 points today. the nasdaq fell 8 and the s&p lost 3 today was a shortened day. told the associated press that folks are starting to accept that weekend in fact plunge right off that fiscal cliff. after all we are a little more than a week away from the deadline when the spending cuts and push us back into another recession. lawmakers do plan...
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Dec 27, 2012
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. >>> and just five days until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive winds, six states under winter storm warnings right now. pennsylvania, new york, massachusetts, new hampshire, vermont and maine. all could see a foot of snow or more. more than 200,000 customers spanning several states already without power. 1,700 plus flights canceled yesterday. imagine that. hundreds more already taken off the board this morning. there are six deaths being blamed on the weather since tuesday and the threat hasn't passed yesterday. bonnie schneider, meteorologist checking the system from the c
. >>> and just five days until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this...
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Jan 1, 2013
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on today's washington journal we will get the latest on the fiscal cliff. at 8:30 eastern, another expert. washington journal, each morning at 7:00 a.m. eastern. >> next, a discussion on the history and influence of media. host,hear from npr looking at the current state of media, coverage of the 2012 election, and changes since the golden age of television. this event was posted by the new york institute of technology. it's an hour and 20 minutes. fabrics are moderator tonight is a professor of media studies at fordham university. he is the author of four books on cultural programming. for 15 years he was the head of special projects at the directors guild. he frequently moderates events around the city for the screen actors guild, the producers guilds, bafta, the academy of promotion pictures arts and sciences, and for us. next, we cannot be honored and delighted to have the managing editor and co-host of npr's a -- "on the media," and is the author of the book "the influence machine." we will be doing a sign of her book in paperback. she's been at npr man
on today's washington journal we will get the latest on the fiscal cliff. at 8:30 eastern, another expert. washington journal, each morning at 7:00 a.m. eastern. >> next, a discussion on the history and influence of media. host,hear from npr looking at the current state of media, coverage of the 2012 election, and changes since the golden age of television. this event was posted by the new york institute of technology. it's an hour and 20 minutes. fabrics are moderator tonight is a...
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Dec 24, 2012
12/12
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the fiscal cliff looming larger. enough insight into how a deal blew up and then there is the story of the woman who was fired because her boss thought she was irresistible. all that top of the hour. see you then . . start ♪ ♪ . >> rick: if you make another one of shows video, i want to be part of it. he has opened up for country music stars likes dierks bentley and blake shelton and the shopping you heard "shine," propelled him to the top of the charts. now he's spreading holiday cheer with a song called "our christmas." looks like an amazing time in the video. >> it is an amazing time. it's great. >> rick: tell me about the song you're going to perform for us. >> it's a little christmas diddy it make you feel good. it's christmas eve today. it makes you feel good about you you and your lady friend if you have one. >> rick: that's what we need. there you go. why don't you guys play for us right now. >> all right. ♪ string up the lights baby ♪ break out the cheer ♪ jingle bells jingle well it's that time of
the fiscal cliff looming larger. enough insight into how a deal blew up and then there is the story of the woman who was fired because her boss thought she was irresistible. all that top of the hour. see you then . . start ♪ ♪ . >> rick: if you make another one of shows video, i want to be part of it. he has opened up for country music stars likes dierks bentley and blake shelton and the shopping you heard "shine," propelled him to the top of the charts. now he's spreading...
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Dec 27, 2012
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>> we are already virtually certain that we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. and we could not see many of the impacts. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >> amy? >>> let's go to paula faris with the other top stories develop right now. paula? >> we have an update on 41. we begin with growing concern about the health of former president george h.w. bush. he has suffered a setback. mr. bush is in intensive care after doctors were unable to lower his fever. and they still don't know what's causing it. they've now placed him on a liquids-only diet. they are not explaining why. mr. bush was admitted to the hospital november 23rd for bronchitis. doctors say they remain cautiously optimistic about his recovery. >>> and toyota has agreed to pay more than $1 billion -- that's "b" as in boy -- to settle a class-action lawsuit from drivers who say their car
>> we are already virtually certain that we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. and we could not see many of the impacts. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >> amy? >>> let's go to paula faris with the other top stories develop right now. paula?...
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Jan 1, 2013
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heather: fiscal cliff. fallout. house speaker john boehner and majority leader eric cantor have just arrived at capitol hill where all eyes are on the house. as we await act on the bill that passed by the senate early this morning and averts across the board tax hikes and massive spending cuts set to kick in today. brand new hour of "america's newsroom." thank you for joining us. i'm heather childers in for martha maccallum. rick: i'm rick folbaum in for jon. happy new year. >> you will stick it to the rich people. but guess what? you may not get anymore revenue and anymore economic growth but you can say i stuck it to the rich people. >> i'm dis.ed we did not get a grand bargain we tried to do so long but we tried. passing this agreement does not mean negotiations halt, far from it. we can all agree there is more work to be done. heather: chief congressional correspondent mike emanuel is live on capitol hill for us. mike, any sense of the next steps on the house side of the capitol? >> reporter: heather, you mentio
heather: fiscal cliff. fallout. house speaker john boehner and majority leader eric cantor have just arrived at capitol hill where all eyes are on the house. as we await act on the bill that passed by the senate early this morning and averts across the board tax hikes and massive spending cuts set to kick in today. brand new hour of "america's newsroom." thank you for joining us. i'm heather childers in for martha maccallum. rick: i'm rick folbaum in for jon. happy new year. >>...
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yes, the fiscal cliff now just four days away. can a last-ditch meeting today really, really lead to a deal? really? >> i hope so, because i'm heading to washington tomorrow. but we're going to bring you another story. you're going to want to see this. a daycare burglary that turns into child's play. oh, man, this boils my blood. the christmas day thieves whose clowning around was all caught on tape. >> unbelievable. yeah, that was one of them riding a little kid's tricycle. >>> later on, britney spears is back. she may be saying goodbye to a $15 million reality tv paycheck. and why this may not be her only personal drama this morning. we have details coming up in "the skinny" and she's part of half of "the skinny" today. britney spears has a lot going on. >> making headlines. >>> first, though, the nation is remembering a war hero this morning. general norman schwarzkopf died yesterday after battling pneumonia. >> president obama called the retired general an american original who stood tall for his country and had a love for the
yes, the fiscal cliff now just four days away. can a last-ditch meeting today really, really lead to a deal? really? >> i hope so, because i'm heading to washington tomorrow. but we're going to bring you another story. you're going to want to see this. a daycare burglary that turns into child's play. oh, man, this boils my blood. the christmas day thieves whose clowning around was all caught on tape. >> unbelievable. yeah, that was one of them riding a little kid's tricycle....